MBCN - Dividend announcements

MIDDLEFIELD, Ohio, Feb. 10, 2026 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ:MBCN) today reported financial results for the twelve months ended December 31, 2025. Ronald L. Zimmerly, Jr., President and Chief Executive Officer, stated, "2025 was a strong year of operating and financial growth for Middlefield, driven by consistent execution and continued momentum across the Bank. We are pleased with the progress we've made and are focused on completing our merger with Farmers National Banc Corp., which we expect to close in the first quarter of 2026. We believe this combination will create meaningful opportunities for our customers, employees, and shareholders." Income StatementNet

MIDDLEFIELD, Ohio, Feb. 09, 2026 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ:MBCN) today announced that its Board of Directors declared a quarterly cash dividend of $0.21 per common share. The 2026 first-quarter dividend is payable on February 27, 2026, to shareholders of record on February 17, 2026. About Middlefield Banc Corp. Middlefield Banc Corp., headquartered in Middlefield, Ohio, is the Bank holding Company of The Middlefield Banking Company, with total assets of $1.98 billion at September 30, 2025. The Bank operates 21 full-service banking centers and an LPL Financial® brokerage office serving Ada, Beachwood, Bellefontaine, Chardon, Cortland, Dublin, Garrettsville, Kenton,

MIDDLEFIELD, Ohio, Nov. 17, 2025 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ:MBCN) today announced that its Board of Directors declared a quarterly cash dividend of $0.21 per common share. The 2025 fourth-quarter dividend is payable on December 12, 2025, to shareholders of record on November 28, 2025. About Middlefield Banc Corp. Middlefield Banc Corp., headquartered in Middlefield, Ohio, is the Bank holding Company of The Middlefield Banking Company, with total assets of $1.98 billion at September 30, 2025. The Bank operates 21 full-service banking centers and an LPL Financial® brokerage office serving Ada, Beachwood, Bellefontaine, Chardon, Cortland, Dublin, Garrettsville, Kenton

MIDDLEFIELD, Ohio, Oct. 22, 2025 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ:MBCN) today reported financial results for the nine months ended September 30, 2025. 2025 Third-Quarter Financial Highlights (on a year-over-year basis):  ●Third quarter diluted earnings increased to $0.65 per share, driving year-to-date earnings of $2.01 per share ●Pre-tax, pre-provision earnings(1) increased 37.3% to $6.8 million ●Net interest margin expanded 33 basis points to 3.79%  ●Total loans increased $102.5 million, or 6.8% to a record $1.61 billion ●Total assets increased $121.3 million, or 6.5% to a record $1.98 billion ●Book value increased 6.1% to $27.71 from $26.11 per share, while tangible b

MIDDLEFIELD, Ohio, Aug. 11, 2025 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ:MBCN) today announced that its Board of Directors declared a quarterly cash dividend of $0.21 per common share. The 2025 third-quarter dividend is payable on September 12, 2025, to shareholders of record on August 29, 2025. About Middlefield Banc Corp. Middlefield Banc Corp., headquartered in Middlefield, Ohio, is the Bank holding Company of The Middlefield Banking Company, with total assets of $1.92 billion at June 30, 2025. The Bank operates 21 full-service banking centers and an LPL Financial® brokerage office serving Ada, Beachwood, Bellefontaine, Chardon, Cortland, Dublin, Garrettsville, Kenton, Man

MIDDLEFIELD, Ohio, July 22, 2025 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ:MBCN) today reported financial results for the six months ended June 30, 2025. 2025 Second-Quarter Financial Highlights (on a year-over-year basis):  ●Earnings per share increased 46.2% year-over-year to $0.76 per diluted share ●Asset quality improved from the 2024 fourth quarter with nonperforming assets to total assets decreasing by 32 basis points to 1.30% ●Net interest margin expanded 37 basis points to 3.88% and increased 19 basis points from the 2025 first quarter ●Total loans increased $84.2 million, or 5.6% to a record $1.58 billion ●Total assets increased $96.2 million, or 5.3% to a record $1.92 b

MIDDLEFIELD, Ohio, May 12, 2025 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ:MBCN) today announced that its Board of Directors declared a quarterly cash dividend of $0.21 per common share. The 2025 second-quarter dividend is payable on June 13, 2025, to shareholders of record on May 30, 2025. About Middlefield Banc Corp. Middlefield Banc Corp., headquartered in Middlefield, Ohio, is the Bank holding Company of The Middlefield Banking Company, with total assets of $1.89 billion at March 31, 2025. The Bank operates 21 full-service banking centers and an LPL Financial® brokerage office serving Ada, Beachwood, Bellefontaine, Chardon, Cortland, Dublin, Garrettsville, Kenton, Mantua, Mary

MIDDLEFIELD, Ohio, April 24, 2025 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ:MBCN) today reported financial results for the three months ended March 31, 2025. 2025 Three-Month Financial Highlights (on a year-over-year basis):  ●Earnings per share increased 17.6% year-over-year to $0.60 per diluted share ●Net interest margin expanded 15 basis points to 3.69% ●Return on average assets (annualized) increased 12 basis points year-over-year to 1.04% ●Asset quality improved from the 2024 fourth quarter with nonperforming assets to total assets decreasing by 6 basis points to 1.56% ●First quarter dividend payment increased 5% to $0.21 per share    "The first quarter of 2025 was a strong

MIDDLEFIELD, Ohio, Feb. 10, 2025 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ:MBCN) today announced that its Board of Directors declared a quarterly cash dividend of $0.21 per common share, representing a 5% increase from the 2024 fourth quarter dividend. The 2025 first-quarter dividend is payable on March 14, 2025, to shareholders of record on February 28, 2025. Ronald L. Zimmerly, Jr., President and Chief Executive Officer, stated, "The 5% increase in Middlefield's dividend payment demonstrates our confidence in the future, as well as our strong capital position and expanding levels of profitability. Our regular dividend has increased 47.4% from $0.57 per share for the yea

MIDDLEFIELD, Ohio, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ:MBCN) today reported financial results for the twelve months ended December 31, 2024. 2024 Fourth Quarter Financial Highlights: Earnings increased 36.4% year-over-year to $0.60 per diluted shareReturn on average assets (annualized) increased 26 basis points year-over-year to 1.04%Asset quality remained stable compared to the 2024 third quarter with nonperforming assets to total assets of 1.62% 2024 Full Year Financial Highlights: Total loans increased 2.8% to a record $1.52 billionBook value increased 2.6% year-over-year to $26.08 per share at December 31, 2024Tangible book value

MIDDLEFIELD, Ohio, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ:MBCN) today announced that its Board of Directors declared a quarterly cash dividend of $0.20 per common share. The fourth-quarter dividend is payable on December 13, 2024, to shareholders of record on November 29, 2024. About Middlefield Banc Corp. Middlefield Banc Corp., headquartered in Middlefield, Ohio, is the Bank holding Company of The Middlefield Banking Company, with total assets of $1.86 billion at September 30, 2024. The Bank operates 21 full-service banking centers and an LPL Financial® brokerage office serving Ada, Beachwood, Bellefontaine, Chardon, Cortland, Dublin, Garrettsville, Kenton, M

MIDDLEFIELD, Ohio, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ:MBCN) today reported financial results for the nine months ended September 30, 2024. 2024 Nine-Month Financial Highlights (on a year-over-year basis): Net income was $10.7 million, compared to $13.8 millionPre-tax, pre-provision net income(1) was $14.7 million, compared to $19.0 millionEarnings were $1.32 per diluted share, compared to $1.70 per diluted shareNet interest income after the provision for credit losses was $42.9 million, compared to $47.4 millionNoninterest income increased 4.1% to $5.3 million, compared to $5.1 millionTotal loans increased 3.9% to a record  $1.50 billion, compared to $1.45 b

MIDDLEFIELD, Ohio, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ:MBCN) today announced that it will celebrate the 10th anniversary of its listing on the Nasdaq Stock Market by ringing the Opening Bell on Tuesday, August 27, 2024. The Middlefield Banc Corp. Opening Bell Ceremony will be broadcast live on Tuesday, August 27, 2024, starting at approximately 9:15 a.m. ET. Viewers can watch the opening ceremony on Facebook or the livestream at https://www.nasdaq.com/marketsite/bell-ringing-ceremony. "It is an honor to represent Middlefield by ringing the Nasdaq Opening Bell and celebrating our 10th anniversary on the Nasdaq Stock Market. As a community bank, we are dedicate

MIDDLEFIELD, Ohio, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ:MBCN) today announced that its Board of Directors declared a quarterly cash dividend of $0.20 per common share. The third-quarter dividend is payable on September 13, 2024, to shareholders of record on August 30, 2024. About Middlefield Banc Corp. Middlefield Banc Corp., headquartered in Middlefield, Ohio, is the Bank holding Company of The Middlefield Banking Company, with total assets of $1.83 billion at June 30, 2024. The Bank operates 21 full-service banking centers and an LPL Financial® brokerage office serving Ada, Beachwood, Bellefontaine, Chardon, Cortland, Dublin, Garrettsville, Kenton, Mantua, Ma

MIDDLEFIELD, OHIO, July 18, 2024 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ:MBCN) today reported financial results for the six months ended June 30, 2024. 2024 Six-Month Financial Highlights (on a year-over-year basis): Net income was $8.3 million, compared to $10.0 millionPre-tax, pre-provision net income(1) was $9.7 million, compared to $13.3 million  Earnings were $1.03 per diluted share, compared to $1.23 per diluted shareNet interest income after the provision for credit losses was $30.1 million, compared to $32.5 millionNoninterest income increased 8.7% to $3.6 million, compared to $3.3 millionTotal loans increased 6.3% to a record  $1.50 billion, compared to $1.41 bill

MIDDLEFIELD, Ohio, May 14, 2024 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ:MBCN) today announced that its Board of Directors declared a quarterly cash dividend of $0.20 per common share. The second-quarter dividend is payable on June 14, 2024, to shareholders of record on May 31, 2024. About Middlefield Banc Corp. Middlefield Banc Corp., headquartered in Middlefield, Ohio, is the Bank holding Company of The Middlefield Banking Company, with total assets of $1.82 billion at March 31, 2024. The Bank operates 21 full-service banking centers and an LPL Financial® brokerage office serving Ada, Beachwood, Bellefontaine, Chardon, Cortland, Dublin, Garrettsville, Kenton, Mantua, Marysvill

MIDDLEFIELD, Ohio, April 30, 2024 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ:MBCN) today reported financial results for the three months ended March 31, 2024. 2024 First Quarter Financial Highlights (on a year-over-year basis unless noted): Net income was $4.2 million, compared to $4.9 million for the quarter ended March 31, 2023, and $3.5 million for the quarter ended December 31, 2023Earnings were $0.51 per diluted share, compared to $0.60 per diluted share for the quarter ended March 31, 2023, and $0.44 per diluted share for the quarter ended December 31, 2023Net interest income after the provision for credit losses was $15.1 million, compared to $16.0 mill

MIDDLEFIELD, Ohio, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ:MBCN) today announced that its Board of Directors declared a quarterly cash dividend of $0.20 per common share. The first quarter dividend is payable on March 15, 2024, to shareholders of record on March 1, 2024. About Middlefield Banc Corp. Middlefield Banc Corp., headquartered in Middlefield, Ohio, is the Bank holding Company of The Middlefield Banking Company, with total assets of $1.82 billion at December 31, 2023. The Bank operates 21 full-service banking centers and an LPL Financial® brokerage office serving Ada, Beachwood, Bellefontaine, Chardon, Cortland, Dublin, Garrettsville, Kenton, Mantua, Mary

MIDDLEFIELD, Ohio, Jan. 26, 2024 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ:MBCN) today reported financial results for the three and twelve-months ended December 31, 2023. 2023 Financial Highlights (on a year-over-year basis unless noted): Net income increased 10.8% to a record $17.4 millionEarnings were $2.14 per diluted share compared to $2.59 per diluted share, reflecting a 34.5% increase in the average diluted shares outstanding related to the Liberty Bancshares, Inc. mergerPre-tax, pre-provision net income increased 25.7% to a record $23.8 million(1)Net interest income increased 29.9% to a record $65.2 million, supported by a strong net interest margin of 4.04%Total loan

MIDDLEFIELD, Ohio, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ:MBCN) today announced that its Board of Directors declared a special cash dividend of $0.05 per common share and a regular quarterly cash dividend of $0.20 per common share. Both dividends are payable on December 15, 2023, to shareholders of record as of December 1, 2023. James R. Heslop, II, Chief Executive Officer of Middlefield, stated, "The ability to increase our dividend in 2023, combined with this year's special dividend, reflects the strength of our balance sheet and business model, as well as our long-standing commitment to reward shareholders. In fact, our annual cash dividend has increased from

MIDDLEFIELD, OHIO, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ:MBCN) today reported financial results for the three and nine months ended September 30, 2023. 2023 Nine-Month Financial Highlights (on a year-over-year basis unless noted): Net income increased 13.6% to a record $13.8 millionEarnings were $1.70 per diluted share compared to $2.08 per diluted share, reflecting a 38.6% increase in the average diluted shares outstanding related to the Liberty Bancshares, Inc. mergerPre-tax, pre-provision net income increased 28.6% to a record $19.0 million(1)Net interest income increased 38.0% to a record $49.8 millionNet interest margin improved by 13 basis points to 4.15%

MIDDLEFIELD, Ohio, Aug. 15, 2023 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ:MBCN) today announced that the Company's Board of Directors declared a quarterly cash dividend of $0.20 per common share, payable on September 15, 2023, to shareholders of record on September 1, 2023. About Middlefield Banc Corp. Middlefield Banc Corp., headquartered in Middlefield, Ohio, is the Bank holding Company of The Middlefield Banking Company, with total assets of $1.75 billion at June 30, 2023. The Bank operates 21 full-service banking centers and an LPL Financial® brokerage office serving Ada, Beachwood, Bellefontaine, Chardon, Cortland, Dublin, Garrettsville, Kenton, Mantua, Marysville, Middlefi

MIDDLEFIELD, Ohio, July 24, 2023 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ:MBCN) reported financial results for the 2023 first half and second quarter ended June 30, 2023. 2023 First Half Financial Highlights Include (on a year-over-year basis unless noted): Net income increased 26.1% to a record $10.0 millionEarnings were $1.23 per diluted share compared to $1.35 per diluted share, reflecting a 38.4% increase in the average diluted shares outstanding related to the Liberty Bancshares, Inc. mergerPre-tax, pre-provision net income increased 40.1% to a record $13.3 millionNet interest margin improved by 39 basis points to 4.30%, compared to 3.91%, and refle

MIDDLEFIELD, Ohio, May 25, 2023 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ:MBCN) is set to join the broad-market Russell 3000® Index after the 2023 Russell Indexes annual reconstitution, effective after the U.S. market opens on June 26, according to a preliminary list of additions posted May 19. "We are pleased to rejoin the Russell 3000®, which reflects the financial and operating growth we have achieved under our long-term strategic plan," stated James R. Heslop II, Middlefield's Chief Executive Officer.  "From December 31, 2012, to April 30, 2023, $100 invested in Middlefield's stock has achieved a total return of $292.15 compared to $203.23 for the Nasdaq Bank Index, while our

MIDDLEFIELD, Ohio, May 09, 2023 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ:MBCN) today announced that the Company's Board of Directors declared a quarterly cash dividend of $0.20 per common share payable on June 15, 2023, to shareholders of record on June 2, 2023.   About Middlefield Banc Corp.Middlefield Banc Corp., headquartered in Middlefield, Ohio, is the Bank holding Company of The Middlefield Banking Company, with total assets of $1.73 billion at March 31, 2023. The Bank operates 21 full-service banking centers and an LPL Financial® brokerage office serving Ada, Beachwood, Bellefontaine, Chardon, Cortland, Dublin, Garrettsville, Kenton, Mantua, Marysville, Middlefield, Newbu

MIDDLEFIELD, Ohio, April 24, 2023 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ:MBCN) today reported financial results for the 2023 first quarter ended March 31, 2023. 2023 First Quarter Financial Highlights Include (on a year-over-year basis unless noted): Net income increased 27.7% to a quarterly record of $4.9 millionEarnings were $0.60 per diluted share compared to $0.65 per diluted share, reflecting a 38.4% increase in the average diluted shares outstanding related to the Liberty Bancshares, Inc. mergerAdopted CECL accounting standards, which resulted in an after-tax retained earnings adjustment of $4.4 millionPre-tax, pre-provision net income increased 38.8% to $6.4 mi

MIDDLEFIELD, Ohio, Feb. 14, 2023 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ:MBCN) today announced its Board of Directors declared a quarterly cash dividend of $0.20 per common share. The first quarter dividend is payable on March 15, 2023, to shareholders of record on March 3, 2023. The 2023 first-quarter dividend payment represents a 17.6% increase over the 2022 first-quarter cash dividend payment. About Middlefield Banc Corp. Middlefield Banc Corp., headquartered in Middlefield, Ohio, is the bank holding company of The Middlefield Banking Company with total assets of $1.69 billion at December 31, 2022. The Bank operates 22 full-service banking centers and an LPL Financial® broke

MIDDLEFIELD, Ohio, Jan. 27, 2023 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ:MBCN) today reported financial results for the three and twelve-months ended December 31, 2022. 2022 Financial Highlights (on a year-over-year basis unless noted): Returned $11.6 million of capital to shareholders through cash dividends and the repurchase of 229,420 shares at an average price of $26.67 per shareNet income was $15.7 million, or $2.59 per diluted share, compared to $18.6 million, or $3.00 per diluted shareNon-GAAP(1) net income, adjusted for certain one-time items and expenses associated with the Liberty Bancshares, Inc. merger, was $18.3 million, or $3.03 per diluted share, com

MIDDLEFIELD, Ohio, Nov. 15, 2022 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ:MBCN) today announced that as a result of the Company's strong 2022 financial results and performance, the Company's Board of Directors has approved several actions to return additional capital to Middlefield's shareholders. Middlefield's Board of Directors declared a quarterly cash dividend of $0.20 per common share, payable on December 15, 2022, to shareholders of record on December 2, 2022. The 2022 fourth-quarter dividend payment represents a 17.6% increase over the 2022 third-quarter cash dividend payment. In addition, the Board declared a special one-time cash dividend of $0.10 per common share that

MIDDLEFIELD, Ohio, Oct. 18, 2022 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ:MBCN) today reported financial results for the three and nine months ended September 30, 2022. 2022 Nine Month Financial Highlights (on a year-over-year basis unless noted): Returned $6.6 million of capital to shareholders through dividends and the repurchase of 141,002 shares at an average price of $25.83 per shareNet income was $12.2 million, or $2.08 per diluted share, compared to $13.8 million, or $2.19 per diluted shareNine-month pre-tax income benefited from $1.2 million of accelerated net fees associated with the Paycheck Protection Program ("PPP"), compared to $3.1 million in the 2021 nine-month p

MIDDLEFIELD, Ohio, Aug. 09, 2022 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ:MBCN) today announced that the Company's Board of Directors declared a quarterly cash dividend of $0.17 per common share, payable on September 15, 2022, to shareholders of record on September 2, 2022. About Middlefield Banc Corp. Middlefield Banc Corp., headquartered in Middlefield, Ohio, is the bank holding company of The Middlefield Banking Company with total assets of $1.29 billion at June 30, 2022. The bank operates 16 full-service banking centers and an LPL Financial® brokerage office serving Beachwood, Chardon, Cortland, Dublin, Garrettsville, Mantua, Middlefield, Newbury, Orwell, Plain City, Powell,

MIDDLEFIELD, Ohio, July 18, 2022 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ:MBCN) reported financial results for the 2022 first half and second quarter ended June 30, 2022. 2022 First Half Financial Highlights Include (on a year-over-year basis unless noted): Returned $4.4 million of capital to shareholders through dividends and the repurchase of 95,364 shares at an average price of $25.39 per shareNet income was $7.9 million, or $1.35 per diluted share, compared to $8.6 million, or $1.35 per diluted shareFirst-half pre-tax income benefited from $1.2 million of accelerated net fees associated with the Paycheck Protection Program ("PPP"), compared to $1.9 million in the 2021 first

Increases Middlefield's asset base approximately 33% to $1.8 billionExpected to be accretive to earnings per share in year oneEarn back of tangible book value dilution in approximately three years MIDDLEFIELD, Ohio and ADA, Ohio, May 26, 2022 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. ("Middlefield", or the "Company") (NASDAQ:MBCN), the bank holding company for The Middlefield Banking Company, and Liberty Bancshares, Inc. (OTC Markets: LBSI) ("Liberty"), the holding company for Liberty National Bank, jointly announced today that they have entered into an Agreement and Plan of Reorganization (the "Agreement"). Pursuant to the Agreement, each shareholder of Liberty will receive 2.752 share

MIDDLEFIELD, Ohio, May 10, 2022 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ:MBCN) today announced that the Company's Board of Directors declared a quarterly cash dividend of $0.17 per common share payable on June 15, 2022, to shareholders of record on June 3, 2022. Middlefield Banc Corp., headquartered in Middlefield, Ohio, is the bank holding company of The Middlefield Banking Company with total assets of $1.32 billion at March 31, 2022. The bank operates 16 full-service banking centers and an LPL Financial® brokerage office serving Beachwood, Chardon, Cortland, Dublin, Garrettsville, Mantua, Middlefield, Newbury, Orwell, Plain City, Powell, Solon, Sunbury, Twinsburg, and Westervi

MIDDLEFIELD, Ohio, April 21, 2022 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ:MBCN) today reported financial results for the 2022 first quarter ended March 31, 2022. 2022 First Quarter Financial Highlights Include (on a year-over-year basis unless noted): Returned $1.8 million of capital to shareholders through dividends and the repurchase of 32,150 sharesNet income was $3.8 million, or $0.65 per diluted share, compared to $4.2 million, or $0.65 per diluted shareFirst-quarter pre-tax income benefited from $640,000 of accelerated net fees associated with the Paycheck Protection Program ("PPP"), compared to $800,000 in the 2021 first quarterNet interest margin improved by 7 basi

MIDDLEFIELD, Ohio, Feb. 15, 2022 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ:MBCN) today announced its Board of Directors declared a quarterly cash dividend of $0.17 per common share. The first quarter dividend is payable on March 15, 2022, to shareholders of record on March 4, 2022. The Board also approved additional share repurchase capacity for the Company's repurchase program (the "Program"). "Strong earnings, asset quality, and capital levels provide us with the financial flexibility to support both our capital allocation and growth strategies. This includes our longstanding commitment to return capital to our shareholders through our share repurchase and dividend programs. Si

MIDDLEFIELD, Ohio, Jan. 25, 2022 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ:MBCN) today reported financial results for the three and twelve months ended December 31, 2021. 2021 Financial Highlights (on a year-over-year basis unless noted): Returned $16.6 million of capital to shareholders through dividends and the repurchase of 512,449 sharesNet income increased 123.2% to a record $18.6 million, compared to $8.3 millionNet interest margin improved by 25 basis points to 3.79%, compared to 3.54%Total noninterest income increased 20.3% to $7.2 millionPre-tax, pre-provision(1) income increased 19.4% to $23.4 millionReturn on average assets increased to 1.36% from 0.64%Return on avera

MIDDLEFIELD, Ohio, Nov. 09, 2021 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ:MBCN) today announced that as a result of the Company's strong 2021 financial results and performance, the Company's Board of Directors has approved several actions to return additional capital to Middlefield's shareholders. Middlefield's Board of Directors declared a quarterly cash dividend of $0.17 per common share payable on December 15, 2021, to shareholders of record on December 3, 2021. The 2021 fourth quarter dividend payment represents a 6.3% increase over the 2021 third quarter cash dividend payment and is a 13.3% increase over the 2020 fourth quarter payment. In addition, the Board declared a spe

MIDDLEFIELD, Ohio, Oct. 18, 2021 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ:MBCN) today reported financial results for the three and nine months ended September 30, 2021. 2021 Nine Month Financial Highlights (on a year-over-year basis unless noted): Net income of $13.8 million, or $2.19 per diluted share driven by record third quarter earnings of $5.2 million, or a record $0.85 per diluted shareNet interest margin improved by 23 basis points to 3.79%, compared to 3.56%Total noninterest income was up 29.5% to $5.7 millionPre-tax, pre-provision(1) income increased 22.0% to $17.7 millionReturn on average assets increased to 1.34% from 0.61%Return on average equity increased to 12.58

MIDDLEFIELD, Ohio, Aug. 10, 2021 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ:MBCN) today announced that the Company's Board of Directors declared a quarterly cash dividend of $0.16 per common share, payable on September 15, 2021, to shareholders of record on September 3, 2021. About Middlefield Banc Corp. Middlefield Banc Corp., headquartered in Middlefield, Ohio, is the bank holding company of The Middlefield Banking Company with total assets of $1.36 billion at June 30, 2021. The bank operates 16 full-service banking centers and an LPL Financial® brokerage office serving Beachwood, Chardon, Cortland, Dublin, Garrettsville, Mantua, Middlefield, Newbury, Orwell, Plain City, Powell,

MIDDLEFIELD, Ohio, July 16, 2021 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ:MBCN) today reported financial results for the 2021 first half and second quarter ended June 30, 2021. 2021 First Half Financial Highlights Include (on a year-over-year basis unless noted): Net income of $8.6 million, or $1.35 per diluted share driven by record second quarter earnings of $4.4 million, or a record $0.70 per diluted shareNet interest margin improved by 16 basis points to 3.72%, compared to 3.56%Total noninterest income was up 49.9% to $3.9 millionPre-tax, pre-provision(1) income increased 35.4% to $11.4 millionReturn on average assets increased to 1.26% from 0.64%Return on avera

MIDDLEFIELD, Ohio, May 11, 2021 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ:MBCN) today announced that the Company's Board of Directors declared a quarterly cash dividend of $0.16 per common share payable on June 15, 2021, to shareholders of record on June 4, 2021. Middlefield Banc Corp., headquartered in Middlefield, Ohio, is the bank holding company of The Middlefield Banking Company with total assets of $1.39 billion at March 31, 2021. The bank operates 16 full-service banking centers and an LPL Financial® brokerage office serving Beachwood, Chardon, Cortland, Dublin, Garrettsville, Mantua, Middlefield, Newbury, Orwell, Plain City, Powell, Solon, Sunbury, Twinsburg, and Westervi

MIDDLEFIELD, Ohio, April 20, 2021 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ:MBCN) today reported financial results for the 2021 first quarter ended March 31, 2021. 2021 First Quarter Financial Highlights Include (on a year-over-year basis unless noted): Net income increased to a quarterly record of $4.2 million, or a record $0.65 per diluted shareNet interest margin improved by 10 basis points to 3.73%, compared to 3.63%Total noninterest income was up 106.5% to $2.2 millionPre-tax, pre-provision for loan losses(1) income increased 49.5% to $5.8 millionReturn on average assets increased to 1.22% from 0.35%Return on average equity increased to 11.64% from 3.01%Return on average ta

MIDDLEFIELD, Ohio, Feb. 09, 2021 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ: MBCN) today announced that the Company’s Board of Directors declared a quarterly cash dividend of $0.16 per common share, which is a 6.7% increase over the 2020 first quarter cash dividend payment. The first quarter dividend is payable on March 15, 2021, to shareholders of record on March 4, 2021. “Many of our shareholders are members of our local communities and I am pleased to announce an increase in our regular cash dividend payment,” stated Thomas G. Caldwell, President and Chief Executive Officer. “The increase in our first quarter dividend payment represents the fourth increase in the past five year

MIDDLEFIELD, Ohio, Jan. 26, 2021 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ: MBCN) today reported financial results for the three and twelve months ended December 31, 2020. 2020 Financial Highlights (on a year-over-year basis unless noted): Net income decreased 34.3% to $8.3 million, as a result of a $9.0 million annual increase in the provision for loan lossesNet interest income improved 4.8% to $43.4 millionTotal noninterest income was up 23.7% to $6.0 millionNoninterest expense declined 0.8%Pre-tax, pre-provision for loan losses(1) income increased 21.0% to $19.6 millionAllowance for loan losses increased 98.9% to $13.5 millionAllowance for loan losses to nonperforming loans w